AMD delivers a Q4 beat amid industry headwinds, validating the Club investment case

Advanced Micro Devices reported a fourth-quarter earnings beat Tuesday, despite ongoing weakness in the PC market, demonstrating the semiconductor firm has the wherewithal to continue to grow and nab market share. Revenue jumped 16% year-over-year, to $5.599 billion, beating analysts' expectations for $5.5 billion, according to estimates compiled by Refinitiv.

The good news is that this PC nightmare may soon be over, with CEO Lisa Su predicting on the earnings conference call Tuesday that the first quarter of 2023 should mark the bottom for the business, with growth thereafter. We'll have to see it to believe it, but this is the key piece of detail we have been waiting for, given that the freefall of PC sales has been the largest driver of earnings cuts.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stocks making the biggest moves after hours: Snap, Electronic Arts, Advanced Micro Devices and moreThese are the stocks posting the largest moves in after hours trading.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

The Computer Chip Wars: How AMD Ended Intel's Market DominanceWatch: When you think of computer chips, you probably think of Intel. But in 2022, the company gave up its top spot in market value to a rival: AMD. We explain why.
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »

Stock Market News: Boeing delivers last 747, stocks lower on Tuesday, AMD reports todayThe Boeing company is delivering last 747 jumbo jet to Atlas Air as stocks open lower on Wall Street
출처: FoxBusiness - 🏆 458. / 53 더 많은 것을 읽으십시오 »